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Illinois lawmakers chose a new speaker this week after a lame-duck session that could add to Chicago's and the state's budget strains.
January 14 -
Illinois is asking state justices to resolve efforts to challenge $14 billion of outstanding general obligation bonds.
January 8 -
Budget woes await the state's lawmakers as they convene but Illinois' bonds are benefitting from a Blue Wave, vaccine distribution, and hunger for higher yielding credits.
January 7 -
The muni market headed into holiday hibernation on the last full trading day of the week.
December 23 -
Illinois closed Thursday on its second MLF borrowing as the program nears its expiration date.
December 18 -
Fiscal 2020 added another $3.8 billion to the state's unfunded pension liabilities, according to a new state report.
December 14 -
The state attorney general is asking the court to clarify the legal standard for denying taxpayer actions and decide if the state constitution limits GO borrowing to capital purposes.
December 9 -
Illinois will borrow $2 billion through the Federal Reserve's Municipal Liquidity Facility to help manage its 2021 budget gap. The state previously borrowed $1.2 billion from the MLF for its fiscal 2020 pandemic hole.
November 25 -
The state's backlog of unpaid bills will grow to $35 billion by 2026 if it doesn't make any structural budget fixes, according to a new forecast.
November 17 -
Illinois General Assembly leaders canceled the annual veto session amid rising COVID-19 cases, which means lawmakers won't act on the state budget before January.
November 11